MILAN — Roman jeweler Bulgari SpA said Monday that longtime chief financial officer Ernesto Greco will leave the company in June for "new professional opportunities."

Greco, 55, has been Bulgari's cfo for over 16 years. His resignation will be effective June 30 to ensure a smooth transition for his successor. Bulgari said it has started looking to fill the position.

A Bulgari spokesman said the company hasn't set a timetable to find a new cfo. He wasn't aware of Greco's future plans.

"I am sorry that the desire to explore new professional opportunities has led Ernesto to leave the company," Bulgari chief executive officer Francesco Trapani said in a statement. "During these long years of activities that have driven Bulgari to become one of the most prestigious players in the luxury market through an intense and complex growth process, Ernesto has always played a very important role."

Trapani went on to wish Greco success in the future and to thank him for "great professionalism and unceasing commitment."

Bulgari will issue its full-year 2005 sales on Jan. 31.

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